KALL

KraneShares MSCI All China Index ETF

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Investment Strategy:

KALL seeks to provide investment results that, before fees and expenses, track the price performance of the MSCI China All Shares Index. The index seeks to track the equity market performance of companies based in China and listed in Mainland China, Hong Kong, and the United States. Companies available for inclusion must be headquartered in China and meet the market capitalization minimums required by the MSCI Global Investable Market Indexes Methodology.

China Broad Equity Market Features:

  • The increased availability of Chinese equities to foreign investors over the past few years has brought about the rise of China as an asset class.
  • China has the world’s second largest economy and equity market, with a capitalization of over $7.2 trillion1.
  • 2018 is the first year that Chinese companies listed in Hong Kong, Mainland China, and the United States will be reflected in the MSCI Emerging Markets Index, which is tracked by over $1.8 trillion in assets2.
  • Only 2% of China’s Mainland stock market is owned by foreigners3.

KALL features:

  • Diversification through strategic ownership of China as an asset class.
  • Exposure to shares of Chinese companies listed in Hong Kong, Mainland China, and the United States.
  • A broad exposure to the world’s second largest equity market that can be used for China specific allocation in order to produce more efficient portfolios.

1.) Data from MSCI as of December 31, 2018.
2.) As of June 30, 2018, as reported on September 30, 2018 by eVestment, Morningstar and Bloomberg.
3.) South China Morning Post. “China’s Stock Market Must Attract More Foreign Investors, Industry Regulator Says”. 6/24/2018

Fund Details

Data as of 10/19/2021
TickerKALL
Primary ExchangeNYSE
CUSIP500767801
ISINUS5007678015
Net Assets$24,363,716
Total Annual Fund Operating Expense (Gross) 0.69%
Total Annual Fund Operating Expense (Net) 0.49%*
Inception Date02/12/2015
Distribution FrequencyAnnual

Daily Performance

Data as of 10/19/2021
Premium Discount Chart
NAV
Net Asset Value$32.48 
Daily Change 1.74%
Price
Market Price $32.63 
Daily Change2.48%
30 Day Median Bid/Ask Spread
Value0.26%

The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Performance History

Distributions
Cumulative %
Data as of: 09/30/2021
Fund NAV Closing Price Index
1 Month-3.54% -3.21% -2.71%
3 Month-13.23% -12.92% -13.34%
6 Month-10.56% -11.65% -9.30%
Since Inception41.93% 41.64% 47.23%
Avg Annualized %
Data as of quarter end: 09/30/2021
Fund NAV Closing Price Index
1 Year1.93% 1.53% 1.30%
3 Year10.51% 10.14% 10.64%
5 Year8.57% 8.33% 8.67%
Since Inception5.42% 5.39% 6.00%
Growth of $10,000
Data as of 10/19/2021

*Fee waivers are and in effect until August 1, 2022

Hybrid index performance (noted as "Index" above) reflects the performance of the FTSE Emerging incl China Overseas non-R/QFII GDP Weighted Index through July 31, 2018 and the MSCI China All Shares Index thereafter.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only.

Top 10 Holdings

Data as of 10/19/2021
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 TENCENT HOLDINGS LTD 9.10% 700 KYG875721634 34,558 2,217,778
2 ALIBABA GROUP HOLDING LTD 8.11% 9988 KYG017191142 93,224 1,975,849
3 MEITUAN-CLASS B 2.94% 3690 KYG596691041 19,500 716,245
4 JD.COM INC-ADR 2.74% JD US47215P1066 7,848 666,374
5 NIO INC - ADR 2.38% NIO US62914V1061 14,502 580,515
6 KWEICHOW MOUTAI CO LTD-A 1.87% 600519 CNE0000018R8 1,600 454,843
7 CHINA CONSTRUCTION BANK-H 1.86% 939 CNE1000002H1 644,000 453,046
8 NETEASE INC-ADR 1.34% NTES US64110W1027 3,240 325,264
9 BAIDU INC - SPON ADR 1.32% BIDU US0567521085 1,802 322,558
10 CHINA MERCHANTS BANK-A 1.23% 600036 CNE000001B33 36,100 299,460

Holdings are subject to change. Currently, KALL plans to achieve its investment objective, in part, by investing a portion of its assets in the KraneShares Bosera MSCI China A Share ETF (ticker: KBA).